Aviance Capital Partners LLC Cuts Stock Position in Alerian MLP ETF (NYSEARCA:AMLP)

Aviance Capital Partners LLC decreased its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,482 shares of the exchange traded fund’s stock after selling 10,150 shares during the period. Aviance Capital Partners LLC’s holdings in Alerian MLP ETF were worth $1,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of Alerian MLP ETF by 4.7% in the third quarter. UBS Group AG now owns 2,884,519 shares of the exchange traded fund’s stock valued at $121,727,000 after purchasing an additional 129,611 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Alerian MLP ETF by 8.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,328,213 shares of the exchange traded fund’s stock valued at $56,051,000 after purchasing an additional 104,779 shares during the period. Raymond James & Associates grew its stake in Alerian MLP ETF by 5.1% during the 4th quarter. Raymond James & Associates now owns 1,305,809 shares of the exchange traded fund’s stock worth $55,523,000 after purchasing an additional 63,053 shares in the last quarter. Allen Investment Management LLC grew its stake in Alerian MLP ETF by 2.5% during the 3rd quarter. Allen Investment Management LLC now owns 1,096,931 shares of the exchange traded fund’s stock worth $46,290,000 after purchasing an additional 27,013 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Alerian MLP ETF by 58.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,030,729 shares of the exchange traded fund’s stock worth $43,522,000 after purchasing an additional 380,025 shares during the period.

Alerian MLP ETF Price Performance

Shares of Alerian MLP ETF stock traded up $0.11 on Monday, reaching $47.41. 1,143,141 shares of the company were exchanged, compared to its average volume of 1,270,412. The stock’s 50 day moving average price is $46.86 and its 200-day moving average price is $44.43. Alerian MLP ETF has a 1-year low of $37.06 and a 1-year high of $48.48. The company has a market cap of $8.53 billion, a P/E ratio of 13.08 and a beta of 0.48.

About Alerian MLP ETF

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.